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Steve Hoang
By Steve Hoang | General
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales (contracts signed) are up with each of the… Continued
October 8, 2019
By Steve Hoang | General
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” When potential homebuyers think they need a 20% down… Continued
October 8, 2019
By Steve Hoang | General
NATIONAL ANALYSIS New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have had increases in signed contracts, but the vast majority of the nation continues to experience fewer closed sales and lower inventory compared to last… Continued
April 23, 2018
By Steve Hoang | General
New Listings were down 18.1 percent for detached homes and 13.1 percent for attached properties. Pending Sales decreased 42.6 percent for detached homes and 43.1 percent for attached properties. The Median Sales Price was up 7.8 percent to $825,000 for detached homes and 6.5 percent to $506,000 for attached properties. Months Supply of Inventory decreased… Continued
April 23, 2018
By Steve Hoang | General
LOS ANGELES (Oct. 12) – With the economy expected to continue growing, housing demand should remain strong and incrementally boost California’s housing market in 2018, though a shortage of available homes for sale and affordability constraints will be a challenge, according to the “2018 California Housing Market Forecast,” released today by the CALIFORNIA ASSOCIATION OF… Continued
April 23, 2018